We live in a world that is rapidly changing and where the internet and online processes are used everywhere. If most people think about their daily lives, we can guarantee that a large percentage engage in some type of online activity. This could be something as simple as browsing social media on their smartphone, using their laptop to check email or watching a streaming service.
This shift to an online world has given rise to many new technologies, industries and opportunities for investment, such as online casino games, NFTs, cryptocurrency and mobile gaming. If this is something you are interested in, we have listed five online industries that could offer a financial boost and give you a platform to invest on.
1. Online gambling
The online gambling industry remains incredibly profitable both with online casinos and sports betting. There are hundreds of websites where you can play online casino games and have a chance to win huge real money cash prizes.
Indeed, sports betting and playing casino games can be incredibly lucrative. If you do your research, choose the right platforms and spend your money wisely, you can make a profit. However, you must always be aware that the house has the edge, and a winning streak may not last forever. Instead, you could consider casino affiliate programs. Many online casinos have an affiliate program where you can earn a commission when people use your affiliate link and sign up to the platform.
The last few years have witnessed the explosion of NFTs, and we believe they are just getting started. Non-Fungible Tokens are digital items that can be bought, sold and traded. There is an amazing range of different items, and the most popular are digital collectables such as trading cards, digital artwork and pixel art.
This is essentially the next evolution of collectables and takes the entire industry digital. A great example is NBA Top Shot. This NFT platform allows you to buy and own individual video “moments” of iconic plays, shots and dunks from real NBA players and teams. The value of such items can be incredible. There have been LeBron James NFTs that have sold for hundreds of thousands of dollars!
There is no denying that cryptocurrency has taken a huge drop and you have probably missed the boat if you wanted to make millions. Prices of major currencies such as Bitcoin are nowhere near their zenith, and it may be some time before they climb back to those lofty heights.
However, there is still money to be made. By reading cryptocurrency tips, analyzing market trends and keeping track of prices, you can earn consistent trading profits. There is also the chance that new currencies can enter the market, make an impact and result in some large price increases that could earn you a sizeable side profit. Be sure to use a reputable trading platform such as Coinbase and be active in your buying and selling.
4. Mobile gaming
The mobile gaming industry is huge due to the ever-advancing technology of smartphones, and the wide array of dedicated game developers. The latest smartphones such as the Apple iPhone and Samsung Galaxy phones have incredible technology and are capable of displaying high-quality graphics.
This is certainly an industry you could invest in, and we do not see it diminishing any time soon. There are many options – affiliate marketing for game developers, sponsorships through YouTube channels and of course investing in the stocks and shares of software developers listed on the stock exchange.
Building on the above industry, smartphone technology is something to consider too. These devices are one of the principal reasons for the transformation of our world into a largely digital one. To begin with, technology was limited, and internet access was slow and costly. However, today, smartphones have brilliant connectivity, and you can surf the web, check your email, use instant messaging and even play online games.
You could consider investing in companies such as Apple, Samsung and Google, who are pioneering smartphone design and continually pushing the boundaries of what these devices can do. Many of these companies are listed on the stock exchange and their share prices remain consistent with steady growth that could provide decent annual returns.
As you can see, there are some fantastic online industries that are either stabilizing this year or are set to explode. Therefore, you could potentially make some sound investments, develop your knowledge of upcoming technologies and earn some extra cash as a side hustle.